My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Only invest/commit when something is 'great' rather than settling for 'good'
A decision-making filter that requires opportunities to meet the 'great' threshold rather than accepting 'good enough' options due to impatience
Decision Rule
When evaluating opportunities, explicitly categorize as 'good' or 'great' and only proceed with 'great' even if it means waiting longer
How It Works
Forces patience and higher standards, preventing mediocre decisions driven by urgency or FOMO
Failure Modes
Analysis paralysis from never finding anything 'great' enough
Subjective definition of 'great' that shifts based on mood
Missing time-sensitive opportunities while waiting for perfect ones
Example Decision
“An angel investor talks to 150 founders weekly but only invests in 1-2 monthly, explicitly rejecting 'good' opportunities to wait for 'great' ones with exceptional founders”